Top Drammen, MN Mortgage Lenders

RankDrammen Mortgage LenderDrammen Home Loans ProcessedDrammen Home Loans ApprovedDrammen Home Loans DeniedDrammen Mortgage Median Loan to Income Ratio (LTR) for Approved LoansDrammen Mortgage Median LTR for Denied Loans
1Bank Of The West 94 58%31%
  • 79%
  • (54,000 Loan / $68,000 Income)
  • 44%
  • (31,000 Loan / $70,000 Income)
2Wells Fargo Bank 50 72%8%
  • 143%
  • (168,000 / $117,000)
  • 217%
  • (285,000 / $131,000)
3First Bank & Trust 25 80%8%
  • 100%
  • (108,000 / $107,000)
  • 433%
  • (130,000 / $30,000)
4Merchants Bank 12 91%8%
  • 178%
  • (200,000 / $112,000)
  • 82%
  • (41,000 / $50,000)
5Us Bank 11 45%27%
  • 300%
  • (156,000 / $52,000)
  • 169%
  • (93,000 / $55,000)
6Genworth Mortgage Insurance Co 11 81%0%
  • 135%
  • (57,000 / $42,000)
0
7Us Bk Na Nd 10 60%20%
  • 65%
  • (88,000 / $135,000)
  • 511%
  • (46,000 / $9,000)
8Citimortgage 10 70%20%
  • 207%
  • (210,000 / $101,000)
  • 326%
  • (163,000 / $50,000)
9Jpmorgan Chase Bank 9 55%44%
  • 83%
  • (198,000 / $237,000)
  • 204%
  • (306,000 / $150,000)
10Home Federal Bank 9 100%0%
  • 197%
  • (176,000 / $89,000)
0
11Countrywide Bank Fsb 9 66%22%
  • 196%
  • (63,000 / $32,000)
  • 485%
  • (170,000 / $35,000)
12United Guaranty Corporation 7 100%0%
  • 164%
  • (46,000 / $28,000)
0
13Gmac Mortgage Llc 7 42%14%
  • 200%
  • (120,000 / $60,000)
  • 126%
  • (52,000 / $41,000)
14Countrywide Home Loans 7 85%14%
  • 121%
  • (68,000 / $56,000)
  • 331%
  • (169,000 / $51,000)
15Embrace Home Loans, 6 0%50% 0
  • 136%
  • (41,000 / $30,000)
16Mortgage Guaranty Insurance Co 5 80%20%
  • 338%
  • (88,000 / $26,000)
  • 114%
  • (103,000 / $90,000)
17First Premier Bank 5 60%20%
  • 174%
  • (204,000 / $117,000)
  • 122%
  • (66,000 / $54,000)
18First Nlc Financial Services, 5 0%0% 0 0
19Bank Of America 5 80%0% 0 0
20Wells Fargo Funding 4 100%0% 0 0

Drammen, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 414
  2. Loan Applications Denied: 95
  3. % of Loan Applications Denied: 22
  4. # of Loan Originations: 251
  5. % of Loan Applications Originated 60

Drammen, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Collateral14
Credit history12
Debt-to-income ratio5
Credit application incomplete2
Unverifiable information1

Drammen, MN Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000268 5924
$100,000 - $300,000138 6218
$300,000 - $500,0007 2857
$500,000 - $1,000,0001 1000

Drammen, MN Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,000330 5825
$100,000 - $300,00080 6413
$300,000 - $500,0004 7525

Loan to Income Ratios Research for Mortgage in Drammen, MN

Loan to Income Ratio (Loan Amount as a Percentage of Income Levels) Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
0 - 30%4662 26
30 - 60%3750 27
60 - 100%6061 23
100 - 200%15465 16
200 - 300%6661 19
300 - 400%2462 25
> 400%2725 51

Drammen, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling360 5924
Not Owner-Occupied As A Principal Dwelling48 7710

Home Owner Property Type Statistics in Drammen, MN for Home Loans

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)373 5923
One To Four-Family31 806
Manufactured Housing10 4040
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